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02/04/16
16:40
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Originally posted by Hoyland
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This is all well and good BUT. In order for any of this sentiment to result in changes to the Board, shareholders need to be organised. For example, who is going to turn up to the EGM? Who is going to be the proxy for minority shareholders? We cannot have a meeting without putting forward some resolutions, so what are these going to be? If we want a seat on the Board, who are we going to nominate? Is anyone going to lobby some of the major shareholders to see if we can get their support?
We cannot go in hamfisted. If we do, then we will get nowhere. So, how do we choose who is going to do what and who are we going to nominate for a seat on the Board?
My suggestion is that, before we do any of this, we seek a meeting with the Chairman and inform him of our intentions, based on the survey, and see what, if any, feedback he can give us. He will be limited in what he can say but he may be able to discuss general directions and the positions of major shareholders. This may be all we need. Remember, once someone is on the Board, they too will be bound by ASX rules and so we may not necessarily see any improvement in corporate communications.
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Mentioning ASX rules. If there is one of us with legal background who would like to represent holders probably a good idea but im sure there are a number of us who would love the opportunity
Since the GM theres been a radical shift !!
Major shareholders Who are they? Sabby and capitol